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European rating agency. Objective, transparent, independent.

Erste Group Bank AG/Non-preferred Senior Unsecured

Erste Group Bank AG

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
A- 27.08.2021 06.09.2021
BBB+ Watch UNW 05.07.2021 06.07.2021
BBB+ 16.10.2020 02.11.2020
A- Watch NEW 24.03.2020 28.03.2020
A- 29.11.2019 10.12.2019

News

  • 06.09.2021
    Creditreform Rating has upgraded the long-term issuer rating of Erste Group Bank AG from A- to A. The outlook is stable. In addition, Creditreform Rating raised the rating of preferred senior unsecured debt from A- to A, the rating of non-preferred senior unsecured debt from BBB+ to A-, the rating of Tier 2 capital from BBB- to BBB and the rating of additional Tier 1 capital from BB+ to BBB-.
  • 06.07.2021
    Creditreform Rating AG has revised its rating methodology for the rating of banks (Bank Ratings). Henceforth, only the revised version of the rating methodology ("Version 3.0") will be applied with the end of the consultation process. In addition, Creditreform Rating AG introduced the new sub-methodology „Institutional Protection Scheme Banks“. Hence, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodologies can be found at www.creditreform-rating.de.
  • 02.11.2020
    Creditreform Rating has lowered the long-term issuer rating of Erste Group Bank AG from A to A-. The outlook is stable. In addition, Creditreform Rating lowered the rating of Preferred Senior Unsecured debt from A to A-, the rating of Non-Preferred Senior Unsecured debt from A- to BBB+, the rating of Tier 2 capital from BBB to BBB- and the rating of Additional Tier 1 capital from BBB- to BB+.
  • 28.03.2020
    Creditreform Rating has set the rating of all valid bank ratings and bank issues to watch negative due to the currently not assessable impact of the Corona Crisis. Not affected by this rating action are government related banks. We refer to the free available Monitoring Report for a more detailed explanation.
  • 10.12.2019
    Creditreform Rating has raised the rating of Erste Group Bank AG from A- to A. The outlook is stable. In addition, Creditreform Rating has raised the rating of Additional Tier 1 capital from BB+ to BBB- and the rating of Tier 2 capital from BBB- to BBB. The rating of Preferred Senior Unsecured Debt (after reclassification from Senior Unsecured Debt) was raised from A- to A. Moreover, the rating of Non-Preferred Senior Unsecured Debt was set to A-.